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Need some advice

Discussion in 'Business & Tax Advice' started by godspeed0603, Jul 12, 2014.

  1. godspeed0603

    godspeed0603 Newbie

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    Hi there guys, i am in the process of starting up a adult webcam online business and was looking for some help/advice on how to do that legally? Please take note that i cannot do this legally in Singapore(where i'm from) as it's not legal. So I'm finding a way to see if it's possible to start up this online business based in any other country like the USA or would it be better with a offshore company?

    let's say i form a company(LLC) in the Usa , would it be considered a legal business if i run it from there? do i even need to form a company ? I have been searching around and can't really find any solid answers. I have checked with a few lawyers in the USA and from what they had told me, i could register and form a company in the USA and do business legally but i am wondering .. do i really need to register a online adult business?

    I mean can't i just form a company in offshore countries like belize, panama etc , get a merchant account and bank account and do this business? Atleast this way i don't have to pay taxes. but if i form a company in usa i might be legally protected as i will get a lawyer to settle all the legal documents for me such as the below:

    Privacy policy
    DMCA
    Terms of use
    Kids protection
    18 U.S.C 2257 record keeping requirements compliance statement etc etc

    So can anyone tell me if i really need to form a company in the US or i could do it in offshore countries or which would be a better idea? Even if i register with a LLC in USA(Thinking of nevada since there is no corporate or personal income tax etc) it's going to be a online business and there won't be a physical address, so why the need to register in the first place right? please correct me if i'm wrong. this is really getting very confusing the more i think about it.

    My main concern's are protecting myself from lawsuits if it were to arise and secondly since i'm from singapore, there might be issues with my bank or irs as they might check where my source of this income is coming from and might need to prove it.

    Getting a lawyer to help me with the above legal documents will cost me around $1500 and also there are other fees too like taxes, state filing fees, business license fees, etc. So any help or advice is much appreciated.

    Thank you
     
  2. innosoft

    innosoft Jr. VIP Jr. VIP Premium Member

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    as far as i know you cant run a adult cam company.
     
  3. godspeed0603

    godspeed0603 Newbie

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    Are you saying in singapore we can't run a adult cam company? or all over the world?
     
  4. Evooffshore

    Evooffshore Newbie

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    Hi I am new on the forum, also i do not speak english very well so sorry for my bad english. I think you are wrong , you must open an anonymous offshore company in Belize or Panama and then open an account in an offshore bank that accept ccbill or epoch .I know that because in Colombia there are a lot of that companies all incorporated by a famous lawyer in Panama that work in that area the TGH Abogados. I think you should contact them , their site is in Italian due to the enormous number of italians who need offshore advices or take fiscal residency in Panama, but TGH Abogados is the first attorney studio for adult Business , their site , also they accept bitcoin. If you contact them simply be honest , sincere with them explain your needs and they will help you!I think that with 3000 USD you make a good job. if you want to email them email in english at the spectracorp email.